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Posts Tagged ‘interest rate’

An investment pays simple interest, and quadruples in 10 years. What is the interest rate? Thanks.

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I always thought money markets are a safe place to keep money liquid and safe, but with a higher interest rate than checking accounts. But then someone freaked me out today saying that there is no protection of principal. Who is right?

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Technorati Tags: checking accounts, interest rate, money markets, safe place

How long will it take an investment to double in value if the interest rate is 10% compounded continuously?

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In other words, when I compare the interest rate on my high yield savings account to the yield on a money market, should I first subtract the money market’s expense ratio from its yield?

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Technorati Tags: expense ratio, high yield savings, interest rate, money market

I have a couple money market accounts already and just recently opened up a 3rd money market account. Then I got an offer today for a higher interest rate elsewhere. Does opening and having numerous of these savings accounts affect your credit?

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Technorati Tags: interest rate, money market account, money market accounts, savings accounts

I just started working at a new company and banking is not my specialty. The owner wants me to determine how many basis points and what the interest rate is on their money market account. Can I find that information on the statement? I’d call the bank but I’m not an authorized user.

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Technorati Tags: basis points, interest rate, money market account

Hi, I have an assignment I’m supposed to be doing for Maths and I need to figure out the Principle amount for an investment using the length of time of the investment, the interest rate and amount of compound interest earned during the investment. Unfortunately I’m unable to find an equation or formula suitable to answering this kind of question. I’m not asking for the actual answer to my assignment but if someone would be able to provide me with a formula that would be very helpful.

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Technorati Tags: compound interest, interest rate, length of time, maths, principle

I want to open a savings account separate from my checking account to earn a higher interest rate. I keep reading about "money market accounts." What is the different between a savings account and a money market account? What are the advantages/disadvantages to having either one? Thank you!
By the way, I do plan on meeting with a banker as soon as the holidays slow down to better discuss my options.
I just wanted to see if anyone could offer any quick info or help on here in the meantime!

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Technorati Tags: checking account, holidays, interest rate, money market account, money market accounts

What is the best short term investment for one’s money with the highest return, with the lowest amount of risk? I’m invested in CD’s and they give a good interest rate and very skeptical of the stock market yoyo and not interested in the shaky housing market. But my question still remains and want to know what do you think would be the best investment, also thinking about foreign securities, but what do you think is a good investment and also for retirement long term too?

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Technorati Tags: foreign securities, housing market, interest rate, money, retirement, risk, short term investment, stock market, yoyo